Business

March 01, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the operational licences of 4,173 Bureaux De Change (BDC) Operators. Mrs. Sidi Ali Hakama, the Acting Director, Corporate Communications at the apex bank, who disclosed this in a...

March 01, (THEWILL) - The Federal Government is demanding at least $10 billion from a cryptocurrency trading platform, Binance, in retribution for the damage caused to the Nigerian foreign exchange market, Special Adviser to the President on Information and...

April 1, (THEWILL)- VDF Group Plc has stressed the need for increased financing for the entertainment and media industry to boost foreign exchange earnings and economic development. The Managing Director of Splitar Limited, Mr Folagbade Adeyemi, stated this while speaking...

February 29, (THEWILL) - EnjoyCorp Limited has acquired Champion Breweries Plc. Champion Breweries Plc in a statement signed on Thursday by its Chairman, Imo-Abasi Jacob, said EnjoyCorp Limited reached an agreement with Heineken B.V to acquire 100% of its shareholding...

February 28, (THEWILL) - The Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida has urged all stakeholders in the telecommunication industry to embrace the ethos of promoting local content. Maida made the appeal on...

February 28, (THEWILL) - In an unprecedented move, the Harvard Business School, the graduate business school of Harvard University, is set to cast the spotlight on the Tony Elumelu Foundation (TEF), recognising the Foundation’s extraordinary philanthropic achievement in a...

February 27, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted reports that it has resumed the suspended weekly foreign exchange sales to Bureau De Change (BDC) operators. In a statement released Tuesday and signed by its Acting Director...

February 27, (THEWILL) - The Central Bank of Nigeria (CBN) has taken a decisive step to bridge the widening gap in the exchange rate and stabilize the forex market. Through a new circular by Dr Hassan Mahmud, the Director of...

February 27, (THEWILL) - The Central Bank of Nigeria, CBN, has raised the monetary policy rate (MPR) to 22.75 percent. This represents 400 basis points increase from the 18.75 percent benchmark it has been since September 2023 The announcement was made...

February 27, (THEWILL) - The Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer. The...